Quote:
Originally Posted by fishtank
Lesson from dryships and few other Greek shipper from back in 2008 … they are not around anymore , In the shipping business once their profit drop and debt increases very quickly and the bottom falls out . Most of those company was taking in the profit due to oil price and demands. But once the rate and demand drops down. And they have all those empty ship and ships that are not yet delivered…
|
Also forgot to add if you want to compare the numbers of bulk shipping company’s there are few. Starbulk, eagle, just look at they number before COVID there are a few to look at. Their profit jump during COVID and so did the Dividend, and it will fizzle out , as it did after the financial crisis.